2022 W 83rd Street, Los Angeles, California 90047, Los Angeles, 90047 - 2 bed, 1 bath
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2022 W 83rd Street
Los Angeles, California 90047
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,110Sq Ft
6,079Lot Size
Property Price
LIST PRICE$624,900
EST. MARKET VALUE
$596,077
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $624,900—positioned well below the $596,078 Fair Market Value by -4%. Featuring a Poor Condition Rating, this 1929 Spanish-style residence requires a full renovation, offering a blank canvas for value-add improvements. The 6,079-square-foot lot provides significant potential for an ADU or expansion. While local school ratings are low, the central location near major employment hubs ensures long-term demand. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with substantial upside.
Estimated Market Value
$596,077
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2022 W 83rd Street Subject | $624,900* List Price | 2 | 1 | 1,110 | $537 | - |
A 8847 Ruthelen Sold | $650,000 | 2 | 1 | 1,092 | $595 | 0.5 mi |
B 1859 W 79th Street Sold | $730,000 | 2 | 1 | 1,052 | $694 | 0.3 mi |
C 1838 W 85th Street Sold | $650,500 | 3 | 2 | 1,356 | $480 | 0.3 mi |
D 8826 S Van Ness Sold | $575,000 | 3 | 2 | 1,314 | $438 | 0.5 mi |
E 2047 W 78th Sold | $595,000 | 3 | 2 | 1,232 | $483 | 0.4 mi |
F 1449 W 81st Street Sold | $550,000 | 3 | 1 | 1,156 | $476 | 0.7 mi |
G 1440 W 91st Sold | $530,000 | 2 | 1 | 1,110 | $477 | 1.0 mi |
H 1932 W 84th Active Under Contract | $550,000 List Price | 2 | 1 | 958 | $574 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1929 with no evidence of recent renovations, this property falls into the poor category as it requires a full rehab. The kitchen and bathroom are severely dated (30+ years), the interior features worn carpeting and popcorn ceilings, and the listing description explicitly frames the home as a 'canvas' for a buyer to 'personalize and improve,' indicating significant deferred maintenance and systemic obsolescence.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Development Potential
The generous 6,079-square-foot lot offers significant opportunities for expansion or the addition of an ADU, providing excellent long-term value and versatility for the owner.
- Equity-Building Opportunity
Priced attractively for the Los Angeles market, this character-rich 1929 Spanish-style home serves as a blank canvas for buyers to build immediate equity through modernization and repairs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Significant Renovation Needed
The property is positioned as a fixer-upper requiring updates and improvements, which will necessitate additional upfront capital and construction time from the buyer.
- Low Local School Ratings
Most immediate neighborhood schools carry low performance ratings (ranging from 1 to 3), which may be a drawback for families prioritizing public education quality.
About 2022 W 83rd Street
Welcome to 2022 W 83rd Street An exciting opportunity in Manchester Square to create a home that is truly your own! This 2-bedroom, 1-bath Spanish-style single-family residence offers approximately 1,110 square feet of living space on a generously sized approximately 6,075-square-foot lot. Offered at $624,900, this property presents an attractive opportunity for buyers looking to enter the Los Angeles housing market and build equity through thoughtful updates and improvements. The home has retained much of its original character and is ready for its next chapter, providing a wonderful canvas for an owner-occupant with vision to personalize and improve over time. The spacious lot provides valuable outdoor space and may offer possibilities for an ADU, expansion or other future improvements, subject to applicable city requirements, permits and buyer verification. Additional features include a fireplace, front porch and driveway parking. Centrally located with convenient access to LAX, SoFi Stadium, USC, Downtown Los Angeles, area beaches, shopping, dining, entertainment and major transportation routes. Whether you're a first-time buyer, move-up buyer or simply looking for a property where you can create something special, this home offers an appealing combination of location, lot size and potential. Seller will consider buyer concessions with an acceptable offer. Bring your vision and discover the possibilities this property has to offer! https://media.zillowmediaexperts.com/videos/01a039e8-6ef5-707a-be25-36f862d9ce43
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 6,079 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
La Salle Avenue Elementary School
Grades K-5 • 0.6 mi
3/10
Seventy-Fourth Street Elementary School
Grades K-5 • 0.7 mi
3/10
Raymond Avenue Elementary School
Grades K-5 • 1.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,110 | 1,664.159 |
| Lot Size | 6,079 | 6,066.556 |
| Price | $624.9K | $1.35M |
| Price per sq ft | $563 | $806 |
| Built year | 1929 | 1939 |
| HOA | $0 | $278 |
| Days on market | 32 | 55 |
Pricing History
Listed for Sale
Aug 8, 2026
$624,900
Initial Listing